Deals
Caledonia Investments’ (Caledonia) portfolio company Deep Sea Electronics (DSE), a provider of backup power control systems, has been acquired by Generac Holdings (Generac).
Generac is listed on the New York Stock Exchange (GNRC) and is a leading global designer and manufacturer of energy technology solutions and other power products.
DSE was acquired by Caledonia in October 2018 and has grown strongly since then. It has secured a larger share of core target markets having developed and launched power control products in load-sharing and synchronisation; successfully captured adjacent market opportunities with new products in off-highway control; and is addressing the
Adenia Partners, a private equity firm investing in Africa, has completed the acquisition of Africa Biosystems Limited (ABL), a distributor of life sciences and clinical diagnostics equipment in East Africa. Financial terms of the deal have not been disclosed.
Established in 1999, ABL is headquartered in Kenya with subsidiary offices in Uganda and Tanzania. The Company’s instruments are used to conduct research and diagnosis across the animal, human and crop sectors with product applications that span molecular, cell and protein biology and DNA forensics. ABL’s customers fall into various end markets including government and non-governmental organisations, academic institutions, and the
A survey of returns conducted by Tesi shows that the Finnish venture capital and private equity market is performing well at present.
Returns from Growth and Buyout funds have stabilised at a good level, and investment value is being realised at a steady rate. The venture capital market is also flourishing and returns from Finnish venture capital funds have risen to an excellent level in recent years.
According to Tesi’s most recent survey of returns, the Finnish venture capital and buyout market is currently thriving. The survey analysed returns from investments in the Finnish venture capital and private equity market
Just a few weeks after their merger, Sogelink and Geodesial Group have announced the acquisition of France-based company ILTR which develops the GEODP solution facilitating the management of public domain occupations.
The obvious synergies with the Sogelink-Geodesial Group range of services dedicated to these issues were the guiding force behind this new operation, which also underlines the ambition of the group to cover the entire value chain in the construction sector, with around 40 solutions now at its disposal.
The Sogelink-Geodesial Group is already well-known for its public domain management solutions such as Littéralis (solution for the management and coordination
Gryphon Investors has acquired the ServiceNow division of The Acacia Group’s portfolio company, Highmetric. Acacia retains a minority investment in the company as part of the transaction.
Since the Highmetric brand goes with the Gryphon acquisition, the remaining company has rebranded as MajorKey Technologies. Acacia will continue to build MajorKey as a market leader amongst its investments in technology product and services companies delivering cloud-enabled digital transformation for commercial and government clients.
Acacia first acquired The Column Group in May 2019 and completed two bolt-on acquisitions before unifying the company under the Highmetric brand earlier this year. Over that time, the
Astorg has completed its EUR1 billion-plus financing to acquire a majority stake in Corialis.
The acquisition has been financed through an Environmental, Social and Governance (ESG)-linked syndicated term loan B placed with institutional investors in the European leveraged loan markets, the first of its kind for an Astorg-backed company.
Sustainability and ESG are at the heart of Corialis’ business model: through its material of choice, aluminium, Corialis has developed an exceptional product range that benefits from best-in-class sustainability features with ESG being embedded in the whole production processes – the logistic needs are minimal thanks to Corialis’ single-roof business model,
Mid market private equity firm MidOcean Partners (MidOcean) has sold its majority investment in The Planet Group (Planet), one of the world’s leading diversified professional services organisations.
Planet will be merging with ProPharma Group (ProPharma), a portfolio company of Odyssey Investment Partners. Financial terms of the transaction were not disclosed.
MidOcean invested in Planet in January 2018, and since that time, Planet has grown significantly, entered new markets, and executed accretive acquisitions that drove strong financial and operational performance. Under MidOcean’s stewardship, Planet successfully acquired and integrated IT Works Recruitment, Interactive Business Systems, NDA Partners, and WinterWyman among other strategic
Varagon Capital Partners (Varagon) is serving as Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a senior secured credit facility to support the acquisition of Sila Heating & Air Conditioning (Sila) by investment funds managed by Morgan Stanley Capital Partners (MSCP).
Sila Heating & Air Conditioning, Inc was founded in 1989 and is headquartered in King of Prussia, PA.
Sila provides a wide range of HVAC services in the North-eastern and Mid-Atlantic United States, servicing customers from New Hampshire to Virginia, including replacement, service, and maintenance, as well as plumbing and water treatment services.
Palamon Capital Partners (Palamon) has partnered with the management team of IDH Group (IDH) to enter into a binding share purchase agreement to acquire The Carlyle Group’s (Carlyle) shareholding and the shares held by the other minority shareholders in the Company to become the sole equity sponsor.
The transaction is expected to complete in the third quarter of 2021 following receipt of the necessary regulatory approvals and will be accompanied by a full refinancing of the Company’s third-party borrowings.
Palamon has been a long-term investor in IDH, having originally acquired the business in 2011 in partnership with Carlyle. The transaction
The Pro’s Closet, a destination for certified pre-owned bikes, e-bikes, and components, has closed a USD40 million Series B funding round led by The Chernin Group with participation from existing investors Foundry Group, Edison Partners, and Ridgeline.
This funding announcement follows 2021 Q1 sales that doubled from 2020. The Pro’s Closet’s revenue has more than quintupled, and the company expects to double in size again in 2021
This new round of investment will cement The Pro’s Closet’s position as the only scaled marketplace that works with every bike brand in the world. The funds will also allow
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
